Norway: Roundwood Market 2024

Roundwood Market Size in Norway

The Norwegian roundwood market contracted notably to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption recorded a abrupt descent. Roundwood consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Roundwood Production in Norway

In value terms, roundwood production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a slight curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Roundwood production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Roundwood Exports

Exports from Norway

Roundwood exports from Norway expanded rapidly to X cubic meters in 2022, growing by X% against the previous year. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, roundwood exports expanded notably to $X in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X cubic meters) was the main destination for roundwood exports from Norway, with a X% share of total exports. Moreover, roundwood exports to Sweden exceeded the volume sent to the second major destination, Germany (X cubic meters), fourfold. The third position in this ranking was taken by Latvia (X cubic meters), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Latvia (X% per year).

In value terms, Sweden ($X) remains the key foreign market for roundwood exports from Norway, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Latvia (X% per year).

Export Prices by Country

In 2022, the average roundwood export price amounted to $X per cubic meter, surging by X% against the previous year. In general, the export price, however, continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per cubic meter), while the average price for exports to Sweden ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced a decline.

Roundwood Imports

Imports into Norway

In 2022, the amount of roundwood imported into Norway expanded remarkably to X cubic meters, increasing by X% compared with 2021. In general, imports, however, recorded a slight contraction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, roundwood imports surged to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Sweden (X cubic meters) constituted the largest supplier of roundwood to Norway, accounting for a X% share of total imports. Moreover, roundwood imports from Sweden exceeded the figures recorded by the second-largest supplier, Latvia (X cubic meters), sixfold. The third position in this ranking was taken by Estonia (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Estonia (X% per year).

In value terms, the largest roundwood suppliers to Norway were Sweden ($X), Latvia ($X) and Estonia ($X), with a combined X% share of total imports.

In terms of the main suppliers, Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average roundwood import price amounted to $X per cubic meter, growing by X% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, roundwood import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($X per cubic meter), while the price for Sweden ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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